Cheryl is 24 years old and married to Kristian. They have a child who is in grade school. The couple patiently manages a rice-field inherited from her in-laws. The couple plants and harvests rice to sell and have been in the farming business for five years now. They usually gain PHP 20,000 twice a year during harvest season. Cheryl wanted to increase crop production, which will help alleviate her income too. She is now asking for additional capital to buy fertilizers, insecticides, and pesticides used in farming. She hopes to give nourishment to her crops for higher production.
In the future, Cheryl and her spouse hope to become successful rice growers in their village and to improve their family's living condition.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.